Why does UKStartups.org suggest I not use a loan proposal template while applying for business funding?

The UKStartups.org (UKStartups.org) suggests you not use a loan proposal template when you apply for funding from a government funding program because loan application forms are not standardized. Every UK Government funding source has its own qualifying terms and conditions, meaning a general loan proposal template will not cover all aspects of information a given business loan requires.

The only exception to the UKStartups.org’s suggestion to avoid the use of a loan proposal template is if that template is provided by the UK Government funding source you are thinking of applying to. Even in such a situation, you must still be certain to modify the loan proposal template to suit your specific situation.

If you blindly use a loan proposal template, you could end up providing the wrong or inadequate information, which will result in you being denied access to the business loan.

If you are a UK entrepreneur who is in need of assistance identifying information on business funding because using a loan proposal template alone has not panned out for you, try out our Startup Assessment Tool app for free online. You can also reach the UKStartups.org toll free at 020 3880 8554 to speak with an agent about your circumstances.

There are hundreds of government funding schemes available for small business owners in the UK. In fact, our Funding Database currently has over 600 government funding schemes and over 500 private investors available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

Take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at starting your small business. It just takes 30 seconds and will also tell you if there may be any funding assistance available.

Be sure to look at the hundreds of daily questions and answers we have from entrepreneurs like you who want to learn more about starting a business, creating a business plan, searching for funding. Our small business experts take the time to answer each and every single question, so if you have something on your mind – we can help!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.